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#518076 - 03/21/06 08:45 PM Early TIL Disclosure
Bagweaver Offline
Diamond Poster
Joined: Nov 2005
Posts: 2,409
SW GA
We have a disagreement concerning providing an early TIL disclosure on a mobile home purchase with no real estate involved. Do we or don't we???

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Semiretired. Working parttime at Historic Westville as a tour guide.

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Lending Compliance
#518077 - 03/21/06 08:48 PM Re: Early TIL Disclosure
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
A P-TIL is only triggered if RESPA applies and the loan is to purchase or construct the borrower’s principal dwelling. If no RE is involved, no RESPA, therefore, No P-TIL. [Section 226.19(a)]
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David Dickinson
http://www.bankerscompliance.com

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